Cloudberry Annual report 2021 Financial statements 120 31 December 2020 NOK 1 000 Fianancial assts at amortised cost Liabilities at amortised cost Derivative financial instruments - hedge accounting Total Derivative financial instrument - - 1 322 1 322 Other non-current asset 1 035 - - 1 035 Total non-current financial assets 1 035 - 1 322 2 357 Cash and cash equivalents 605 126 - - 605 126 Total current finacial assets 605 126 - - 605 126 Lease liability short term - (1 105) - (1 105) Current borrowings - (236 767) - (236 767) Total current financial liabilities - (237 872) - (237 872) Lease liability long term - (3 296) - (3 296) Financial liability for PPA termination - (4 641) - (4 641) Long term borrowings - (26 266) - (26 266) Derivatives - - (173) (173) Total non current financial liabilities - (34 203) (173) (34 376) Net financial assets (liabilities) 606 161 (272 075) 1 149 335 235 The fair value of the interest rate swaps derivatives is calculated as the present value of the estimated future cash flows based on observable yield curves (level 2). Changes in fair value relate to daily changes in market prices of the derivative contracts and the volume of contracts. The fair value of the Groups derivative financial instruments has been determined by external banks. The table below summarizes the fair value for each class of financial instrument recognised the fair value hierarchy. December 2021 NOK 1 000 Non-current financial investments Derivative financial instrument (asset) Derivative financial instrument (liability) Total fair value Fair value based on quoted prices in an active market (Level 1) - - - - Fair value based on price inputs other that quoted prices (Level 2) - 6 579 (2 615) 3 964 Fair value based on unobservable inputs (Level 3) - - - - Total fair value at 31 December 2021 - 6 579 (2 615) 3 964 December 2020 NOK 1 000 Non-current financial investments Derivative financial instrument (asset) Derivative financial instrument (liability) Total fair value Fair value based on quoted prices in an active market (Level 1) - - - - Fair value based on price inputs other that quoted prices (Level 2) - 1 322 (173) 1 149 Fair value based on unobservable inputs (Level 3) - - - - Total fair value at 31 December 2020 - 1 322 (173) 1 149
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